kmd
Level 3

Error in TurboTax calculation of CA 540-ES estimated taxes

I underpaid my California estimated taxes for 2024 because I used TurboTax to generate the estimates, and they were clearly too low, despite the fact that I rounded the estimates up to the nearest $100.  I did *not* have this problem with Federal estimates. 

 

There's a bug in how TurboTax is calculating CA 540-ES.  I am seeing others posting here with this same problem.  Because of this, I received a penalty of $110 from California.  Is this a known problem?  Is anyone working on fixing this?